A friend asked if they should short INITUSDT after it skyrocketed 46%. I said, “Look at that -0.75% funding rate. Short sellers are lining up to hand the longs red envelopes—it’s packed like a train carriage during the Spring Festival travel rush.”
Sure, the 4-hour RSI has shot up to 85 and is scorching hot, but reaching in now feels like asking to get your hand chopped off. I’ll keep my head down and watch from the sidelines to stay safe.
#INIT #Binance Square
Sure, the 4-hour RSI has shot up to 85 and is scorching hot, but reaching in now feels like asking to get your hand chopped off. I’ll keep my head down and watch from the sidelines to stay safe.
#INIT #Binance Square